Can bitcoin be worthless? - page 11.

kamilah147

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Quote from: Naida_BR on March 11, 2019, 08:40:09 AM

Technically I don't think it can be worthless. Bitcoin is created and cannot be undone now as the network has been established.
Bitcoin can be worthless by the time governments would agree that bitcoin is an illegal asset and cannot be transferred between people then it will be immediately worthless. The cutoff between fiat and crypto world needs to be connected otherwise the news will be awful for crypto future.

crypto currencies and crypto markets are created by using advances in technology and for the development of time and technology so that along with these developments crypto currencies and crypto markets will be needed

Finestream

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Quote from: Kelvinid on April 11, 2019, 06:35:09 PM

Quote from: lobat999 on April 11, 2019, 05:25:10 PM

Considering that Bitcoin has enjoyed a significant amount of adoption and exposure over these previous years since its inception, I think it has come to that point that it cannot be worthless anymore due to the fact that its transactions are immutable and will serve as future reference for any issues that might need it. Additionally, there is an increasing number of merchant adoptions and its advantages over fiat are slowly being recognized worldwide which results to more enthusiasm thereby contributing more value to the coin in general.

That's the increase of users and investors will be a big help for only for bitcoin but also for the entire market. Bitcoin never be to easily be down cause we know how it become valuable to us and knowing that it could provide us a wonderful lifestyle. It gives us a comfortable life that we looking for since before and it the moment to us that this technology exist.

Like they said, there are people who lose and there are people who make money with crypto, the main thing they are here now is just to invest, so they aim for profit but not everyone has the right knowledge or the skills to make themselves profitable.You can make your lifestyle wonderful if you are merely a user because you will be enjoying the most advance and the most transparent online payment system in the world which is unique since it's decentralized.

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BTC is only going to be obvious with a hard dollar policy, thats the biggest clue you can get on this issue. It might not be what some consider because its outside crypto but its the other side to the scales which weighs the value to BTC.

Every BTC price is crypto/FIAT and whichever is stronger of the two decides the direction of the price. If you want to think about a hard negative price for crypto then we are similarly talking about a very strong economic case for FIAT value.

This is where I doubt that occurs, vice versa BTC is not going to go to zero.

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Quote from: lobat999 on April 11, 2019, 05:25:10 PM

Considering that Bitcoin has enjoyed a significant amount of adoption and exposure over these previous years since its inception, I think it has come to that point that it cannot be worthless anymore due to the fact that its transactions are immutable and will serve as future reference for any issues that might need it. Additionally, there is an increasing number of merchant adoptions and its advantages over fiat are slowly being recognized worldwide which results to more enthusiasm thereby contributing more value to the coin in general.

That's the increase of users and investors will be a big help for only for bitcoin but also for the entire market. Bitcoin never be to easily be down cause we know how it become valuable to us and knowing that it could provide us a wonderful lifestyle. It gives us a comfortable life that we looking for since before and it the moment to us that this technology exist.

lobat999

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Considering that Bitcoin has enjoyed a significant amount of adoption and exposure over these previous years since its inception, I think it has come to that point that it cannot be worthless anymore due to the fact that its transactions are immutable and will serve as future reference for any issues that might need it. Additionally, there is an increasing number of merchant adoptions and its advantages over fiat are slowly being recognized worldwide which results to more enthusiasm thereby contributing more value to the coin in general.

Sum24

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Quote from: Kiweikoo on April 11, 2019, 03:40:39 AM

Quote from: PlusOne88 on April 09, 2019, 11:44:34 PM

It is possible but it will not happen while bitcoin is still popular. Who would want to stop using bitcon when people are starting to use it in their daily life activities. It cannot become worthless as of now and that is for certain.

Yes you’re right, for now a lot of people are rushing into bitcoin due to what has been happening. The bull run that took bitcoin from $1000 to $19000 in 2017 is what made bitcoin popular and a lot of people are starting to invest in it with hope that same thing is going to repeat itself. It has become more popular than it was before. It will only fall when people starts to leave.

But I think it will take a little time for the market to become fully bull as we know technology is working little slow and our internal confidence will lead us towards progressive earning, bull runs and gives profit, so waiting should be our strategy, as it is not possible for bitcoin to become worthless and it will increase value even more.

Kiweikoo

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Quote from: PlusOne88 on April 09, 2019, 11:44:34 PM

It is possible but it will not happen while bitcoin is still popular. Who would want to stop using bitcon when people are starting to use it in their daily life activities. It cannot become worthless as of now and that is for certain.

Yes you’re right, for now a lot of people are rushing into bitcoin due to what has been happening. The bull run that took bitcoin from $1000 to $19000 in 2017 is what made bitcoin popular and a lot of people are starting to invest in it with hope that same thing is going to repeat itself. It has become more popular than it was before. It will only fall when people starts to leave.

fasdorcas

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Speaking on how likely it is that bitcoin can become worthless, a Yale economist said there’s just 0.4% that bitcoin can become worthless. As for ripple is 0.6% and Ethereum is 0.3% percent. I once discussed this with some people and they all said that it was low. But the truth is that it is not, in fact it is high, compared to other currencies like the Euro which is 0.009%, AUD 0.003 and CAD which is 0.005 percent. So that’s still a high risk.

maman567

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Bitcoin always be worthless with have higher price every time, many investor or trader could take profit with bitcoin as investment and trading where buy with lower price then sell when price is on higher.

Lambe Ndumble

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I think bitcoin will become a trend and can last at least 10 years from now, this can be seen from the increasing number of users and the many countries that have legalized bitcoin such as Japan and China.

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Quote from: bhabygrim on April 07, 2019, 11:44:28 PM

I think it would be impossible for Bitcoin to be worthless,
Bitcoin is being used by almost all over the world and being accepted in almost every country.
Crypto is also being part of some company so I think Bitcoin being worthless wouldn't happen.

Although it is being used but still there is some countries that banned it. If you saw when the first time bitcoin out, it is worthless people do not want to and do not know what is the function at all. So if bitcoin is going to be fall back to that price I am sure it will become worthless but in the current time, bitcoin is still having price, the only thing is we need it to be raised as high as possible.

jambul_kribo

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Quote from: PlusOne88 on April 09, 2019, 11:44:34 PM

It is possible but it will not happen while bitcoin is still popular. Who would want to stop using bitcon when people are starting to use it in their daily life activities. It cannot become worthless as of now and that is for certain.

bitcoin now day become more popular since its price down.i know this is attract more investors to understand about bitcoin and cryptocurrency.more people curios about cryptocurrency while we in long bearish trend.and actually it will invite more people to make their investment in this market.i am sure it will add bitcoin value.

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It is possible but it will not happen while bitcoin is still popular. Who would want to stop using bitcon when people are starting to use it in their daily life activities. It cannot become worthless as of now and that is for certain.

daniel08

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Quote from: catur_072 on March 11, 2019, 08:01:36 AM

Currency failure generally occurs due to the type of hyperinflation, and there is always the potential for technical failure, currency competition, political issues and so on. As the main basic rule, there is no currency that can be considered very safe from failure and difficult times. so is it possible that bitcoin can become worthless?

Bitcoin can only be worthless when it is not accepted by people and by the government because it cannot be use for investments and for business purposes. We all know that bitcoin is the number one cryptocurrencies in the world of digital money and bitcoin gains the name of the king of cryptocurrencies ,bitcoin helps many individuals when its value goes high and many gain more profits from it.

mrdeposit

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Quote from: coin-investor on April 08, 2019, 11:47:09 PM

Quote from: catur_072 on March 11, 2019, 08:01:36 AM

Currency failure generally occurs due to the type of hyperinflation, and there is always the potential for technical failure, currency competition, political issues and so on. As the main basic rule, there is no currency that can be considered very safe from failure and difficult times. so is it possible that bitcoin can become worthless?

Bitcoin is already ten years old it has weathered everything check this site and see how many times Bitcoin died, it already died 350 times and yet it is still here and people are adopting it.

https://99bitcoins.com/bitcoin-obituaries/ People should be aware of this and stop asking if Bitcoin is going to die.

It is impossible to kill bitcoin anyway. It can only be worthless against usd, which will be our fault.
Besides, if we do support it, why should the price go down?

BartS

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Quote from: munareal on April 08, 2019, 01:07:34 PM

10 years ago people look down on bitcoin when it was newly created and was less than a dollar. Today it is the most expensive means of exchange. Just one is worth thousands of dollars. Bitcoin can only become more expensive and it is anticipated to be a million dollar one day.

Most of the time when a new revolutionary technology appears people do not really understand why they need it or how it could change the world and there are many examples of that happening very recently, one of those examples was the Internet many people thought that no one will use the Internet for anything, and they thought that because they do not saw the potential of the Internet and what it could become and now we cannot understand our lives without the Internet.

Activitycoin

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Quote from: Ailmand on April 09, 2019, 12:27:56 AM

Quote from: catur_072 on March 11, 2019, 08:01:36 AM

Currency failure generally occurs due to the type of hyperinflation, and there is always the potential for technical failure, currency competition, political issues and so on. As the main basic rule, there is no currency that can be considered very safe from failure and difficult times. so is it possible that bitcoin can become worthless?

No one knows but I don't doubt the capability and potential of bitcoin. If we'll base everything on its history, we could all see that bitcoin has passed a lot of tests of time. It would never be worthless for no reason. It has a lot of achievements and I believe that it will never fail us.

You are right bitcoin has made unbeatable progress and it got the best place all over the market that o other coin can ever have, we are in 2019 and if we search on google about the best crypto currency it will only say bitcoin, because it has good value, it is impossible for bitcoin to become worthless as it has so many supporters who are investing to keep it high.

logicgate

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Quote from: KlepZ on April 07, 2019, 07:40:34 AM

There is only a finite number of bitcoins issued by the bitcoin blockchain each cycle and this finite number is halved every four years(cycle). There is no other way for new bitcoins to be introduced within the network.

This number of bitcoin is enough for the users to gain profit at the end there are so many traders who use to wait for buying bitcoin and wait to see it fallen price, day by day I have seen bitcoin become more worthy and more important crypto coin because it made progress faster since 2017 which price of bitcoin was more than 25k and people brought strong faith on it and now they invest fearlessly.

Ailmand

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Quote from: catur_072 on March 11, 2019, 08:01:36 AM

Currency failure generally occurs due to the type of hyperinflation, and there is always the potential for technical failure, currency competition, political issues and so on. As the main basic rule, there is no currency that can be considered very safe from failure and difficult times. so is it possible that bitcoin can become worthless?

No one knows but I don't doubt the capability and potential of bitcoin. If we'll base everything on its history, we could all see that bitcoin has passed a lot of tests of time. It would never be worthless for no reason. It has a lot of achievements and I believe that it will never fail us.

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Quote from: catur_072 on March 11, 2019, 08:01:36 AM

Currency failure generally occurs due to the type of hyperinflation, and there is always the potential for technical failure, currency competition, political issues and so on. As the main basic rule, there is no currency that can be considered very safe from failure and difficult times. so is it possible that bitcoin can become worthless?

Bitcoin is already ten years old it has weathered everything check this site and see how many times Bitcoin died, it already died 350 times and yet it is still here and people are adopting it.

https://99bitcoins.com/bitcoin-obituaries/ People should be aware of this and stop asking if Bitcoin is going to die.

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